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Kinston, NC: Grainger Place |
| Description: Kinston, North Carolina, had a long-range revitalization plan in place, but years later there were still no takers on a prime, four-acre site that featured the old high school bearing the name of one of the town’s early industrialists. Situated just beyond the Central Business District, the site was a key to reviving aging neighborhoods nearby. Then came Hurricane Floyd. |
| Impact: As part of its recovery efforts, the city of Kinston adopted a disaster mitigation plan with incentives for building housing beyond the 100-year floodplain. Grainger Place, a 57-unit complex, benefited from the incentives. The project, in turn, helped advance other “smart growth” objectives in Kinston: making downtown more livable and boosting the tax base. |
Key Ingredients:
- Low-Income Housing Tax Credits
- Historic Preservation Tax Credits
- Federal Emergency Management Assistance disaster funds
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| " We'd been working for a dozen years with several development deals that just hadn't materialized. " |
Bob Clark
Former City Planner
Kinston, North Carolina
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| Other Views
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